Russia’s output of steel products, local demand and export sales all dropped in 2022 due to trading sanctions imposed after its invasion of Ukraine on February 24, 2022 - but the reductions were smaller than the markets expected

One year since Russia invaded Ukraine on February 24, 2022, Fastmarkets’ roundup of the key challenges facing the European steel plate market arising from the consequent war

Steel demand coming from new facilities being constructed in North America amid nearshoring trends is expected to materialize between the end of 2023 and 2025, Latin American steelmaker Ternium said on Wednesday February 15

The Material Recycling Association of India’s annual International Metals Recycling Conference (IMRC) on February 2-4 saw the event return to southern city of Kochi for the first time since 2019 and, judging by the demand for rooms in the run-up to the event, there has been a massive increase in the numbers attending

European hot-rolled coil (HRC) buyers are scrambling to purchase Asian cargoes, with a rebound in demand hit by disruption to supplies from Turkey following this week's earthquakes there

Flat-rolled steel producers in the United States increased spot prices for the fifth time in less than three months on Monday February 13, led by an uptick in spot demand and higher scrap prices, according to market participants; the latest hikes bring the total increases to $260 per short ton

Hot-rolled coil prices in the US South brushed against $40 per hundredweight on higher mill offers, but continued to trail their Midwest counterparts due to skeptical buyers with sufficient inventories to wait out what they said was likely a short-term surge

There is a “strong possibility” that a third electric-arc furnace (EAF) rebar mini mill with a 600,000 ton per year annual capacity will be built by Highbar LLC in the future, David Stickler, senior managing partner of Global Principal Partners, told Fastmarkets on Thursday February 9

Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday

A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas